Incredible opportunity alert! This 12-unit Apartment Complex is a fantastic deal, priced below its last appraisal of $780,000. The motivated seller is eagerly awaiting your offer! The complex consists of 8 units in the 2031 3rd building and 4 units in the 2033 3rd building. The 8-unit building boasts two stories, while the 4-unit building is a single-story structure with a porch at the rear and the added benefit of some covered parking spaces. Both buildings feature covered walkways that open onto a charming courtyard nestled between them. Please note that the complex is not individually metered for gas and water. The property taxes are $1,219.34 yearly, and it's located in Flood Zone AE. The current flood policy costs $3940 per year for the 2031 building and $2,237 per year for the 2033 building. Recent improvements include a roof replacement in 2021 for both buildings, ensuring long-lasting value and protection for your investment. Many of the units have undergone remodeling, and all units are rented. This is your chance to own a thriving Apartment Complex with great potential. Act now, make your offer, and secure this outstanding investment today! Seller will entertain a owner financed deal with a large down payment on a 5 year balloon term.
For sale
$647,000
2031 3rd St, Lake Charles, LA 70601
--beds
--baths
8,911sqft
Est.:
Apartment, Multi Family
Built in 1980
-- sqft lot
$-- Zestimate®
$73/sqft
$-- HOA
What's special
- 613 days
- on Zillow |
- 119 |
- 9 |
Zillow last checked: 7 hours ago
Listing updated: July 11, 2025 at 11:23am
Listed by:
Robbie Ingle,
Coldwell Banker Ingle Safari Realty 337-478-1601
Source: SWLAR,MLS#: SWL23007065
Travel times
Tour with a buyer's agent
Tour with a buyer's agent
Facts & features
Interior
Heating
- Window Unit(s)
Cooling
- Ceiling Fans, Wall/Window Unit(s)
Appliances
- Included: Electric Oven, Electric Range, Water Heater
- Laundry: Laundry Equipment Lease, Electric Dryer Hookup, Laundry Room, Outside, See Remarks, Washer Hookup
Features
- No Carpet
- Windows: Casement Windows
- Has basement: No
- Has fireplace: No
- Fireplace features: None
- Common walls with other units/homes: 2+ Common Walls
Interior area
- Total structure area: 8,911
- Total interior livable area: 8,911 sqft
Video & virtual tour
Property
Parking
- Parking features: Parking Lot
Features
- Levels: Two
- Stories: 2
- Pool features: None
- Spa features: None
- Fencing: None
- Has view: Yes
- View description: Neighborhood
Lot
- Size: 0.34 Acres
- Dimensions: 180 x 100
- Features: Paved, Regular Lot
Details
- Parcel number: 00273996
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Traditional
- Property subtype: Apartment, Multi Family
Materials
- Brick, HardiPlank Type
- Foundation: Slab
- Roof: Shingle
Condition
- Turnkey
- New construction: No
- Year built: 1980
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Cable Available, Electricity Connected, Sewer Connected, Water Connected
Community & HOA
Community
- Features: Street Lights
- Security: Security Lights
- Subdivision: High School Park Add
HOA
- Has HOA: No
Location
- Region: Lake Charles
Financial & listing details
- Price per square foot: $73/sqft
- Date on market: 11/29/2023
- Listing terms: Owner May Carry,Owner Will Carry
- Total actual rent: 7550
- Electric utility on property: Yes
- Road surface type: Paved
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